Advanced Workflows
Automate your vendor risk management program using advanced workflows
Running a successful vendor risk management program involves following many processes and steps. As your program grows to managing hundreds or even thousands of vendors, the risk of inconsistencies in following processes can increase through human errors and can lead to decreased productivity.
Venminder’s Advanced Workflows Module was built to helpyou drive process consistency by allowing you to define and automate required activities or tasks using rule-based logic. The functionality ensures your team is closely aligned to your defined processes and provides structure in how, when and by whom you want actions executed. Your teams can follow a series of automated actions that can trigger additional actions as they progress through the workflow with the ability to add approvals along the way.
Key Benefits
Drive process consistency with automated direction
Improve your team’s task management with process workflow roadmaps that drive
consistency and make it easier for users to follow.
Configure to suit your processes
Easily configure workflows with onetime or recurring options and base it off triggers such as when a new vendor product is requested/added or when their review period begins.
Build efficiencies and streamline your entire program
Incorporate all areas of your due diligence, contract management, risk assessment,
questionnaires, SLA management and more for a fully automated and comprehensive program.
What's Included
- Create custom workflows
- Define required activities or tasks
- Choose whether one-time or recurring
- Easily configurable
- Incorporate approval processes
- Assign ownership of tasks
- Set up escalation notifications
- Utilize pre-loaded templates
It's already easy to use. But we're still here for you.
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